I agree, this is muddle heading modeling by Talib. There are patterns, they are like waves and change.
I hate day trading and long for the days of stock certificates: they were real values, owned. Not like today where we investors don't own anything, the Clearing House company owns the many trillions of nominal value stock shares in trade accounts. In any case, time delays in transfers would make the markets less foolish, and better evaluations of "intrinsic" value.
There are different forms of traders, they operate on different timings. There is no instant counter-reaction to the emotions of a string of Mondays, any ironing out takes weeks.
